Hi, so this is the list of charges shown on an MCX contract note sent by Fyers. I have a few doubt here.
1. What are these CM Charges and Transaction charge here?
The brokerage calculator on Fyers, lists Brokerage, Transaction Charges, CTT, SEBI, Stamp Duty and GST. What are these CM Charges? If it is transaction charge, then why is transaction charge once again levied separately?
***IGST(18% of 606.65) (Rs.) -109.20
BROKERAGE -360.00
CMCHARGES1 -123.20
CTT -62.00
SEBITOC -0.25
STAMP DUTY -3.66
TRANSACTION CHARGE -123.20
@Monkey Singh
CM charges are clearing member charges, which are almost 0 at all other brokers, but fyers add them to your bill. that is the biggest reason I have stopped trading with fyers in mcx.